Appraisal Guides & Insights

How New York's Surrogate's Court Values Personal Property in an Estate

New York's Surrogate's Court requires executors to report personal property at fair market value as of the date of death, using specific inventory categories and deadlines. This guide walks through the 22 NYCRR 207.20 filing rules, the $50,000 small estate threshold, and when a professional appraisal becomes necessary.